The other point to mention is BPC have also joined The Oil Spill Group.
Not an expert in what that covers except that they have experts at the ready. How that works financially I need to investigate. Do they pay a premium which covers expenses only or is there an element of spillage insurance cover? GL
Got a feeling shorters will be getting a bit nervy now. May try a last throw of the dice and push for a squeeze. However, there is a lot of support for OO and suspect those waiting to get in will mop up IF it even happens. GLALTH ( I.e. not the shorters!)
There is no evidence that BPC “shopped around” recently. Indeed in the Proactive interview Ethan said someone started a rumour who was short. Even if they had shopped,the rumours were circa 1p which would’ve been nonsense anyway when the most recent raise was at 1.6p. GL
Good to see you back - we were sad to think you might be absent from the Beef and H fest! Actually please attend whatever your involvement! At risk of us regulars/usual suspects sounding like a self appreciation society, we do get much good insight from yourself; so please stick around.
On hols with family including grandkids for 2 weeks so switched off from the world changing events (except rugby) like Brexit/US trade talks/WAGWARS and of course the biggie - BPC. Just ready with my readies to push the button.
Only thing I would add, without much cerebral assessment performed, is that the Proactive interview was excellent and it enforced my belief that some dosh is underwritten (IMHO ) @ circa 1.6 p by the likes of Shore. However Company wants to give shareholders a chance and why not at 2p when you are confident the rest of any under subscription by PIs being underwritten - ergo success guaranteed and shareholders win either way. Plus 2p results in more dosh AND may be oversubscribed. Sorry bit waffly but out of thinking mode having just done a 3Yrs + coloring book!
If they had done a fire sale @ 1p we’d all be moaning “too cheap!” If they hadn’t offered us shareholders a chance to get in it would be “scandalously!”
They have precedent for getting issues done historically and I accept this still might need some II input and management of price.I have said previously I think the parameters on price are somewhere between 1.6p and 2p. I stand by that.
Don’t forget that these guys know what the farmins and alternatives are offering. We don’t.
The city was too greedy and we’ve told them no thanks.
The other thing is that now we have more concrete news i.e. CLN/“end of q1 drill .” Etc. Farmins know we mean business and any day now may join the party. Then what’s your price? GLA.
Actually Keith I bought a share many many years ago when I was stillin nappies @ 9 1/2p I kept them for 10 + years and then got bored and sold them @ 10p. 3 weeks later ——£1.50! You never know mon brave! GL.
Thankfully Keith we seem to have got rid of the walkers on this board who appear from time to time. IMHO: The folks in this are the LTHs. We will never sell until the aliens take over the world. This is a world class prospect and will make us rich as Croesus. Hold the line and enjoy!